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Last 0.17 GBp
Change Today 0.00 / 0.00%
Volume 2.9M
TRP On Other Exchanges
As of 11:30 AM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

tower resources plc (TRP) Snapshot

0.17 GBp
Previous Close
0.17 GBp
Day High
0.17 GBp
Day Low
0.17 GBp
52 Week High
10/9/14 - 0.85 GBp
52 Week Low
03/20/15 - 0.11 GBp
Market Cap
Average Volume 10 Days
-0.02 GBp
Shares Outstanding
Dividend Yield
Current Stock Chart for TOWER RESOURCES PLC (TRP)

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tower resources plc (TRP) Details

Tower Resources plc operates as an independent oil and gas exploration company. The company holds 30% working interest in 3 contiguous exploration blocks covering an area of approximately 23,000 square kilometers located in offshore Namibia; 80% interest in 2 blocks covering approximately 6,946 square kilometers of area in Zambia; 50% interest in the Algoa-Gamtoos licence and SW Orange Basin Block TCP in onshore South Africa; and 33.34% interest in Block 2B, in the Anza Basin, onshore Kenya. It also holds 20% carried interest in Marovoay Block-2102, which is covering approximately 8,444 square kilometers of area onshore Madagascar; and 50% interest in the offshore Guelta and Imlili and onshore Bojador blocks in the Saharawi Arab Democratic Republic. Tower Resources plc was incorporated in 2004 and is based in London, the United Kingdom.

6 Employees
Last Reported Date: 05/26/15
Founded in 2004

tower resources plc (TRP) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $959.2K
Compensation as of Fiscal Year 2014.

tower resources plc (TRP) Key Developments

Tower Resources PLC, Annual General Meeting, Jun 18, 2015

Tower Resources PLC, Annual General Meeting, Jun 18, 2015., at 12:00 GMT Standard Time. Location: SGH Martineau LLP, 5th Floor.

Tower Resources PLC Reports Preliminary Consolidated Earnings Results for the Year Ended December 31, 2014

Tower Resources PLC reported preliminary consolidated earnings results for the year ended December 31, 2014. For the period, the group operating loss was $56,601,548 against $3,726,660 a year ago. Loss for the year before taxation was $3,336,128 against $11,708,932 a year ago. Loss attributable to equity holders of the company was $56,603,489 or 0.64 cents per basic and diluted share against $3,336,128 or 0.16 cents per basic and diluted share a year ago. Net cash used in operating activities was $3,400,298 against $3,599,213 a year ago. Payments to purchase plant and equipment were $2,208 against $1,078 a year ago. Exploration and evaluation costs were $39,429,653 against $7,658,658 a year ago.

Tower Resources plc Provides Badada-1 Well Drilling Update

Tower Resources plc provided an update on drilling operations for the Badada-1 well, Block-2B, onshore Kenya. The Badada-1 well was spud at 14:00 GMT on 7 January 2015 and has been drilled to a total depth of 3,372 metres MDBRT (Measured Depth Below the Rotary Table) intersecting the Neogene sequence. Preparations are underway for the logging of the 12¼-inch hole section from the 13 3/8-inch casing point, located at 1,644 metres MDBRT, to a drilled depth of 3,500 metres MDBRT and is expected to be completed in the next few days. The well is planned to be drilled to a total depth of between 3,000 and 4,000 metres in order to test Tertiary age primary targets.


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